Reporting floors change, and a form you file late is still a form for its own tax year. NoteHarbor keeps the IRS figures it depends on versioned by tax year, each recorded from published IRS instructions with the citation attached.
The rule
A form is generated against the loan's tax year, not against today. Produce a prior-year 1099-INT and it is measured against that year's floor. Every generated form's response carries the tax year it used, the rules year it resolved to, the threshold applied, and the source document — so a form can always say which rules produced it.
What a threshold does, and doesn't
A reporting floor only flags a recipient as below it. It never blocks a filing. Where a form offers a generate anyway override, the message states exactly what was paid, what the floor was, and for which year.
For interest paid to a note owner the floor is $600 — the trade-or-business figure, which is the case that applies when you're servicing a note and paying its owner. (A separate, lower floor exists for interest paid by banks and brokers; that is not the situation NoteHarbor is in.)
Assist, cite, disclaim
Reporting support, not tax advice. These figures are recorded from published IRS sources with citations so you can verify them; they are not an interpretation of your filing obligations. Confirm every figure against the current IRS instructions and your CPA before filing.